Bitcoin Drops Over 8%... Ethereum, Dogecoin, and Others Also Fall Simultaneously

On the morning of the 28th, cryptocurrency prices were displayed on the electronic board in the lounge of Bithumb Gangnam Center in Gangnam-gu, Seoul.

The prices of major cryptocurrencies, including Bitcoin, have all sharply declined.

According to cryptocurrency information site Coindesk, as of 2 PM Pacific Time on the 28th (6 AM Korean time on the 29th), the price of Bitcoin, the leading cryptocurrency, was trading at $34,999.62, down 8.83% compared to 24 hours earlier. Accordingly, Bitcoin's market capitalization was recorded at $655.97 billion.

Ethereum also traded at $2,400.78, down 11.67% from 24 hours earlier, reducing its market capitalization to $278.1 billion. Dogecoin's price fell 5.77% to $0.3108, with its market capitalization shrinking to $40.31 billion.